NEW BOARD PLANS PENN TURNAROUND

NEW YORK -- The new chairman of Penn Traffic Co., Syracuse, N.Y., said last week the company's new board of directors hopes to take an active role in helping turn the company around, following its emergence two weeks ago from Chapter 11.to the company's success, he said, will be the group effort by the company's directors and management.According to Zurkow, the role of the board is "to give support

Jul 12, 1999

NEW YORK -- The new chairman of Penn Traffic Co., Syracuse, N.Y., said last week the company's new board of directors hopes to take an active role in helping turn the company around, following its emergence two weeks ago from Chapter 11.

to the company's success, he said, will be the group effort by the company's directors and management.

According to Zurkow, the role of the board is "to give support to the company's professional managers, to be an objective resource against w